Regulation

Bank of New York Mellon has been accused of playing a role in the $4 billion Ponzi Scheme OneCoin, according to an updated court filing.

Cryptocurrency pioneer Chandler Guo says “one day everyone in the world” will use China’s state-backed digital yuan.

Russian authorities have blacklisted the website of major cryptocurrency exchange Binance, although access to it has not been blocked by the country’s telecom regulator Roskomnadzor. In an announcement Binance published on its Russian telegram channel, it reveals Roskomnadzor added the cryptocurrency exchange’s website to the register of platforms disseminating prohibited information, reportedly because of distribution […]

Russia’s Finance Ministry is drafting a new bill that would impose fines and up to three years in prison for crypto-asset investors who fail to properly disclose their holdings.

The Venezuelan government has published a new decree in the Official Gazette legalizing cryptocurrency mining, but with a catch: crypto miners have to use a national mining pool. According to local news website CriptoNoticias, the new decree was authorized by Joselit Ramirez, head of Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP). It […]

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

India is reportedly planning on introducing a new law to ban cryptocurrency trading in the country, a move that would be a blow to the rapidly growing cryptocurrency scene in the country. According to Bloomberg, the new law is expected to be discussed shortly by the federal cabinet, before being sent to the country’s parliament. […]

Ethereum-based protocol Forsage continues to gain investment despite regulators warning that the project is a Ponzi scheme.

Financial services giant Mastercard has launched a platform to allow central banks and test firms test digital currencies.

Deepak Kapoor, founder of the Begin India Think Tank, says bitcoin should be traded like stocks and given the same legal protections.

Russian authorities have blocked BestChange.ru, a major cryptocurrency exchange aggregator in the country, shortly after lawmaker passed crypto legislation banning cryptocurrency transactions. The aggregator reportedly includes 400 local cryptocurrency websites and included information on exchange rates between different cryptoassets. It was blocked by Russian telecom regulator Roskomnadzor for “mentions of Bitcoin cryptocurrency,” an announcement on […]

Iran’s Power Generation, Distribution and Transmission Company (Tavanir) has reportedly shut down 1,100 unlicensed cryptocurrency mining farms in the country after being tipped off by whistleblowers. According to a report by the Financial Tribune, the firm is planning to reward whistleblowers with 100 million rials ($480) for cooperating with energy officials in identifying illegal cryptocurrency […]

The U.S. Securities and Exchange Commission (SEC) has announced charges against a blockchain-based jobs platform, Boon.Tech, and its chief executive officer, Rajesh Pavithran, over its failure to register their initial coin offering (ICO) token as a security and allegedly misleading investors. According to an announcement made by the agency, Boon.Tech and its CEO raised $5 […]

Grayscale Investments has voluntarily publicly filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust (ETHE) to obtain reporting status. If the filing is approved by the SEC, the Ethereum Trust will be the second cryptoasset investment vehicle ever to obtain the status of a reporting […]

A Czech National Bank board member has criticized the use of central bank digital currencies (CBDCs) for raising more questions than answers and being another version of “helicopter money.”

The Office of the Comptroller of the Currency (OCC) is letting nationally chartered banks in the U.S. provide custody services for cryptocurrencies, according to a public letter from Senior Deputy Comptroller and Senior Counsel Jonathan Gould.

Toronto-based cryptocurrency exchange Coinsquare has been accused of market manipulation by Canadian regulators after the company allegedly manipulated its trading volume. 

Malaysia’s Securities Commission (SC) has added popular cryptocurrency exchange Binance to its list of unauthorized companies, saying the platform is “operating a recognized market without authorization.”

The government and Bank of Japan are seriously considering issuing a central bank digital currency to replace the current yen, including a potential partnership with the U.S. and European countries. 

Brazil’s Securities and Exchange Commission has ordered Binance to cease offering derivative products in the country after ruling they constituted a securities intermediary.

Former national security advisor John Bolton claims in his new book that President Donald Trump wanted to crack down on the trading and selling of crypto-assets in May 2018.  

The Bank of Canada has revealed its plans for a central bank digital currency (CBDC) in a job posting for the protocol’s Project Manager. 

Mary Shea, a California-based psychologist looking to sell her home, has sued a potential buyer, Mike Cherwenka, over the latter’s attempt to pay 30% of the property’s value in the form of a “worthless” cryptocurrency called “Troptions.Gold.”

JPMorgan Chase & Co, the financial services giant, will begin providing banking services to the two biggest American crypto exchanges: Gemini and Coinbase.

Telegram is pulling the plug on its Telegram Open Network (TON) blockchain platform and the Grams token, after years of battling with the U.S. Securities and Exchange Commission (SEC).

A German court has ruled that the European Central Bank’s (ECB) quantitative-easing program is not backed by European Union treaties and have issued a three-month ultimatum to rectify the controversial measure.

Tesla CEO Elon Musk and Bitcoin.com chairman Roger Ver have both called for an end to the sweeping stay-at-home restrictions. 

In most countries around the world, the income generated from investing in cryptocurrencies like bitcoin needs to be reported on your taxes. This type of tax reporting is no different from stocks, equities, or other forms of property. However, for cryptocurrency traders, especially high-volume ones, the process can become tedious. In this guide, we break down crypto taxes, how they work, and the step-by-step approach you can take to properly file your taxes.

Rich Dad Poor Dad author Robert Kiyosaki has continued his criticism of the Fed’s money printing tactics in response to the coronavirus while giving his support for bitcoin and precious metals. 

Rich Dad Poor Dad author Robert Kiyosaki explained his endorsement of bitcoin, saying the asset was an escape from the traditional financial markets. 

Former White House Communications chief Anthony Scaramucci says the US will need to provide more “helicopter money” in order to bolster the economy, in addition to the $2 trillion stimulus package already pledged. 

Leading cryptocurrency exchange Binance is battling a Brazilian diplomat, Paulo Renato Dallagnol, after he registered the website Binance.com.br and its brand at the National Institute of Industrial Property (INPI).

The Crypto Rating Council, a collection of US-based crypto firms that promotes regulation in the industry, has released ratings for IOTA, Basic Attention Token and USDCoin. 

Germany is a synonym for quality. Whether it’s German goods or services, they are always in high demand. Over the last couple of years, this reputable country has made an about turn in policy being dubbed the “Crypto capital of the EU”. 

PTR’s official, government-defined price is wildly out of sync with fluid global markets. The token, supposedly pegged to one barrel of crude oil, still being valued out-of-market at more than double the market price.

Malta’s financial watchdog, the Malta Financial Services Authority (MFSA), has issued statements against two cryptocurrency trading platform that reportedly don’t have licenses to operate in the country.

Murilo Portugal, president of the Brazilian Federation of Banks, says that cryptocurrency fails to fulfil the three basic tenants of fiat currency. 

GoldMoney Insight’s head of research Alasdair Macleod says fiat currency may not survive the end of the year following the economic crisis and response generated by the coronavirus pandemic. 

Bitcoin prices reacted to the announcement on Wednesday that the US White House and Congress had reached an agreement over a $2 trillion stimulus deal that would provide economic relief for the ongoing coronavirus pandemic. 

Proposed legislation meant to support the U.S. economy during the coronavirus pandemic seemingly includes a recommendation to create “digital dollar” that could help the country get through the shutdown of business over the coronavirus outbreak.

Two Deutsche strategists are warning over “hyperinflation” generated by helicopter money being introduced into the market by governments in response to the coronavirus pandemic. 

BInance.US CEO Catherine Coley says the US government should use a stablecoin to issue emergency coronavirus payments. 

Bitcoin provides a modern and hygienic approach to money exchange compared to fiat, which has quickly become outdated in light of the coronavirus outbreak. 

Senator Kelly Loeffler, former CEO of the Intercontinental Exchange’s cryptocurrency-venture Bakkt, has been under fire for selling millions of dollars worth of stock ahead of the recent market crash induced by the novel coronavirus pandemic.

Cryptocurrency exchange Binance took to Twitter to criticize governments around the world for contributing to inflation by printing new money. The exchange also lauded bitcoin for its scarcity and the upcoming halving event in May. 

The UK’s Financial Conduct Authority has added nine new financial and crypto companies to its warning list.

The cryptocurrency-powered Brave browser has filed a formal complaint against Google over the General Data Protection Regulation (GDPR) in Europe.

Russia’s central bank is reportedly working amendments to a digital currency bill that will outright ban the sale and circulation of crypto-assets. 

Bitfinex chief technology officer Paolo Ardoino says that bitcoin will eventually prove its worth as global central bank policies fail.

The Bank of England has published discussion papers debating the launch of a digital currency as cash usage in the country plummets compared to debit cards and payment apps. 

The Australian Tax Office will reportedly issue letters to thousands of cryptocurrency investors over undeclared profits. 

Cryptocurrency exchange Kraken has announced its “recommitment” to the Indian markets following the Supreme Court’s decision to overturn the RBI’s ban against crypto.

Russian media watchdog Roskomnadzor has added six new cryptocurrency-related websites to its list of blacklisted addresses. 

A French court has classified bitcoin as currency in a recent ruling involving bitcoin cash generated on a loan made in 2014.

The Reserve Bank of India (RBI), India’s central bank, is reportedly set to appear the Supreme Court’s decision that lifted the banking ban it imposed on cryptocurrency businesses.

US economist William J. Luther says that Venezuela’s national digital currency petro will be used to skirt economic sanctions and tighten President Maduro’s control over the country.

The U.K.’s Financial Conduct Authority (FCA), the country’s financial watchdog, has warned popular crypto derivatives trading platform BitMEX has been operating in the country without proper authorization.

The Supreme Court of India has sided with petitions from cryptocurrency exchanges and other industry players that challenged a banking ban imposed by the country’s central bank, the Reserve Bank of India, in April 2018.

The Marshall Islands has partnered with SFB Technologies and Algorand to launch the world’s first national digital currency.

Japan’s Virtual Currency Exchange Association (JVCEA), an official self-regulatory body of crypto exchanges, has added San Francisco-based crypto exchange Coinbase as a second-class member.